Power to grant exemption from tax, UTGST Act 2017

 

Section 8 of UTGST Act 2017, Power to grant exemption from GST

 

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The below post explains about Power to grant exemption from tax under section 8 of UTGST Act,2017.

 

Section 8 of UTGST Act, 2017 explains Power to grant exemption from tax as below: (The amendments if any will also be updated here soon).

 

The extract of Section 8 of UTGST Act,2017 quoted below:

 

8. (1) Where the Central Government is satisfied that it is necessary in the public

interest so to do, it may, on the recommendations of the Council, by notification, exempt

generally either absolutely or subject to such conditions as may be specified therein, goods

Power to grant exemption from tax, UTGST Act 2017or services or both of any specified description from the whole or any part of the tax leviable

thereon with effect from such date as may be specified in such notification.

(2) Where the Central Government is satisfied that it is necessary in the public interest

so to do, it may, on the recommendations of the Council, by special order in each case,

under circumstances of an exceptional nature to be stated in such order, exempt from payment

of tax any goods or services or both on which tax is leviable.

(3) The Central Government may, if it considers necessary or expedient so to do for

the purpose of clarifying the scope or applicability of any notification issued under

sub-section (1) or order issued under sub-section (2), insert an explanation in such notification

or order, as the case may be, by notification at any time within one year of issue of the

notification under sub-section (1) or order under sub-section (2), and every such explanation

shall have effect as if it had always been the part of the first such notification or order, as

the case may be.

(4) Any notification issued by the Central Government under sub-section (1) of

section 11 or order issued under sub-section (2) of the said section of the Central Goods

and Services Tax Act shall be deemed to be a notification or, as the case may be, an order

issued under this Act.

Explanation.—For the purposes of this section, where an exemption in respect of

any goods or services or both from the whole or part of the tax leviable thereon has been

granted absolutely, the registered person supplying such goods or services or both shall not

collect the tax, in excess of the effective rate, on such supply of goods or services or both.

 

 

The above information clarifies about Power to grant exemption from tax under section 8 of UTGST Act,2017.

  

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